Construction Industry Scheme (CIS) Module Exchequer Enterprise v5.50 and above is ideal for any SME company in the construction and allied industries that employs sub-contracted employees, who are responsible to the Inland Revenue to account for tax deductions at source. CIS/RCT/RCT certificates that, depending on the certificate type, entitle the sub-contractor to receive payments from the contractor either Gross or Net of CIS/RCT/RCT tax deductions are easily handled by Enterprise. The CIS/RCT/RCT module has five basic functions:- To report on all payments to sub-contractors by the contractor over a given period of time. To automatically withhold tax from those sub-contractors who are registered as being taxable. To generate vouchers (CIS/RCT/RCT Certificates) for each sub-contractor of all payments made and tax withheld for their own records. To report on all tax withheld for sub-contractors by the contractor over a given period of time. To provide pertinent CIS/RCT/RCT/RCT statutory information for reporting to the revenue authorities. Key Benefits Budgets set at various levels across unlimited cost codes Integrated Purchase Order Processing to report committed costs by cost code Automatic transfer of Work in Progress Efficient handling of CIS/RCT deductions Calculations of tax liability and its impact on retentions Efficient handling of CIS/RCT 4, 5 and 6 Transactions CIS23 / 25 voucher production Recording of CIS24 Voucher details CIS/RCT reporting, inc CIS36 Uplift on Costs Extensive reporting on any financial aspect of a project